ADP report: U.S. lost average of 11,000 jobs per week in October
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ADP report: U.S. lost average of 11,000 jobs per week in October
The latest ADP jobs report shows the moving average of private sector job creation was down 11,000 in the four weeks leading up to October 25th, CNBC's Steve Liesman reports, as the lack of official data continues due to the government shutdown.
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Payroll growth at private companies turned slightly stronger than expected in October, providing some hope that the labor market isn’t in danger of sinking, ADP reported Wednesday. Companies added 42,000 jobs for the month, following a decline of 29,000 in September and topping the Dow Jones consensus estimate for a gain of 22,000. Read more: cnb.cx/4oRE88G | CNBC
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Payroll growth at private companies turned slightly stronger than expected in October, providing some hope that the labor market isn’t in danger of sinking, ADP reported Wednesday. Companies added 42,000 jobs for the month, following a decline of 29,000 in September and topping the Dow Jones consensus estimate for a gain of 22,000. Read more: cnb.cx/4oRE88G | CNBC
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